World-Renowned Bitcoin Bull MicroStrategy Expands Its Enormous Stockpile To 439,000 BTC After Securing Nasdaq-100 Addition ⋆ ZyCrypto
The post World-Renowned Bitcoin Bull MicroStrategy Expands Its Enormous Stockpile To 439,000 BTC After Securing Nasdaq-100 Addition ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     MicroStrategy, the Michael Saylor-founded software firm and self-described “Bitcoin Development Company,” announced today that it had acquired even more Bitcoin, spending roughly $1.5 billion in cash. The announcement follows Friday’s news of MicroStrategy becoming the first BTC-centric company to secure entry into the Nasdaq-100 Index. The company’s entry will connect index investors to Bitcoin exposure. MicroStrategy Just Bought Another $1.5 Billion Worth Of Bitcoin MicroStrategy disclosed Monday morning that it had bought a further 15,350 BTC at an average price of $100,386 per BTC, totaling $4.6 billion. According to an 8-K filing, the Bitcoin was purchased between Dec. 9 and 15. The latest acquisition has pushed the size of MicroStrategy’s Bitcoin stash to a new all-time peak. As of press time, MicroStrategy holds an eye-watering 439,000 Bitcoin, or roughly 2% of the total supply of Bitcoin that will ever be created, with approximately 19.7 million BTC of the total 21 million supply currently circulating. The firm’s overall average purchase price is $61,725 per BTC. Advertisement   The software company’s Bitcoin stockpile was acquired for $27.1 billion in total, but thanks to the parabolic price rally this year, it’s now worth almost double that at $45.6 billion. Bitcoin’s price has been skyrocketing since Donald Trump clinched a second term as the President of the United States. The crypto-friendly candidate made a slew of promises to the industry. The orange coin has shattered all-time high prices multiple times in recent weeks, with its latest peak being $106,418. MicroStrategy To Officially Join Nasdaq 100 Next Monday Meanwhile, Nasdaq recently announced that MicroStrategy stock will be included in the Nasdaq-100 Index, fortifying its position among a select group of non-financial firms. MicroStrategy is expected to officially join the index on Dec. 23 before the market opens. For Bitcoin fans, this milestone…
Filed under: News - @ December 16, 2024 5:26 pm